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XYZ Retail Ltd. operates a chain of retail stores. For the financial year 2023, it reported the following: Revenue: $25 million Cost of Goods Sold:
- XYZ Retail Ltd. operates a chain of retail stores. For the financial year 2023, it reported the following:
- Revenue: $25 million
- Cost of Goods Sold: $15 million
- Operating Expenses: $7 million
- Interest Expense: $500,000
- Taxes: $1 million
- Total Assets: $18 million
- Total Liabilities: $8 million
- Calculate the operating profit.
- Determine the interest coverage ratio.
- Compute the net profit margin.
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
